Penn State Expenses Top $3 Million in Wake of Sandusky Case, New Website Shows
Penn State launched a new website Monday evening that promises to answer key questions that have arisen from the ongoing Jerry Sandusky child-sexual-abuse case and its fallout.
Among the highlights of the website, which can viewed by clicking here:
- Penn State spent $3,196,517 as of Dec. 31, 2011, on legal fees, consultants and public-relations firms associated with the matter. Included in that total is $210,309 spent on legal defense for Tim Curley, the athletic director who's now on leave; Gary Schultz, a retired vice president; and Graham Spanier, the immediate past president.
- Insurance policies are expected to cover "the defense of claims brought against the university," its officers, employees and trustees, the website reads. Expenses not covered under insurance policies are to be funded "from interest revenues with respect to loans made by the university or from additional payments made by the athletic department to the university with respect to the financing of the most recent Beaver Stadium expansion."
- The Board of Trustees will seek input from university constituencies and the Paterno family to determine the best way to honor former football coach Joe Paterno, though no timeframe has been set.
- It is expected that Spanier will participate in instructional and scholarly pursuits as a faculty member when he returns from sabbatical. Spanier’s future plans are not known at this time, but he is permitted to teach.
- The university said it is too early to gauge how the Sandusky scandal may have impacted fundraising. A more accurate representation on that front should be available in April.
- Applications to Penn State are on track to set another record at the university. Undergraduate applications are up more than 2.5 percent over last year; graduate applications, up five percent. "We also are on track with respect to paid accepts compared to previous years, while paid accepts at the commonwealth campuses are running slightly behind," the website reads. Likewise, it says, research at Penn State expenditures continue to grow.
- Penn State has committed $1.5 million of its share of Big Ten bowl revenue to the Pennsylvania Coalition Against Rape and the National Sexual Violence Resource Center.
The website goes on to list contract information for President Rodney Erickson, football Coach Bill O'Brien, acting athletic director Dr. Dave Joyner and Senior Vice president for Finance and Business David Gray.